Proposed ‘Netflix Tax’ shot down by House Finance committee

News

RICHMOND, Va. (WRIC) — Proposed legislation that would have impacted streaming services like Netflix and Hulu got shot down at the Capitol Monday morning.

HB1051 sought to apply the Communications Sales and Use Tax to services related to the streaming of audio and visual data.

It’s been dubbed the “Netflix Tax.”

Right now, the tax already applies to things like cable TV and satellite radio, but not streaming services.

It was introduced by Del. Vivian Watts (D-Fairfax).

Watts said the bill would have allowed outlets to play by the same rules.

Opponents argued Virginians are taxed enough.

The bill was voted down in the House Finance committee.

Find 8News on Twitter, Facebook, and Instagram; send your news tips to iReport8@wric.com.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

StormTracker 8

Trending Stories

More Trending Stories

Don't Miss

More Don't Miss

Local Events